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n e w h a v e n b i z . c o m | J u n e 2 0 2 1 | n e w h a v e n B I Z 15 www.borghesibuilding.com Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … www.borghesibuilding.com Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. Contact us at 860-482-7613 or visit us on the web. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … www.borghesibuilding.com Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. Contact us at 860-482-7613 or visit us on the web. Stevens Manufacturing, Milford, CT Building Ideas That Work … www.borghesibuilding.com © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing™ is a division of BlueScope Buildings North America, Inc. 2155 East Main Street • Torrington, Connecticut 06790 Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. Contact us at 860-482-7613 or visit us on the web. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … www.borghesibuilding.com © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing™ is a division of BlueScope Buildings North America, Inc. 2155 East Main Street • Torrington, Connecticut 06790 Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. Contact us at 860-482-7613 or visit us on the web. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, our goal simple: To provide our complete design, planning construction services industrial and retail on years of experience, competitive and offer When the strictest attention is critical to your success, always count on Borghesi From concept to occupancy, is your single source. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … Wittmann Battenfeld, Torrington, CT Napoli Retail, Southington, CT Nufern, East Granby, CT Windsor Marketing Group (WMG), Suffield, CT The Belknap White Group, Hartford, CT Since 1942, The Single Source Construction Firm Since 1942, our goal has been simple: To provide our clients with complete design, planning and construction services for commercial, industrial and retail buildings. Based on years of experience, we're price competitive and offer high quality. When the strictest attention to detail is critical to your success, you can always count on Borghesi to deliver. From concept to occupancy, Borghesi is your single source. AKDO, Bridgeport, CT Stevens Manufacturing, Milford, CT Building Ideas That Work … New tools e market's craziness means real estate professionals need to get creative to keep up, Baker said. Another tool some homeowners use to quickly unlock their equity is so-called iBuyers, internet companies that employ algorithms to buy a home outright. Ryan Raveis says that Raveis Purchase is superior because it enables the homeowner to get the full market price for their home. "It is the nature of their business to buy low and sell high and keep the value they create for themselves," Ryan Raveis said. "Ours is the opposite. We share 100 percent of the upside with consumers." In addition, iBuyers are a poor fit for New England because each home here tends to be unique, Ryan Raveis said. eir algorithmic model is better suited to places like Florida and Arizona, which have large numbers of cookie-cutter tract homes, he said. Fred Carstensen, a UConn professor and director of the school's Connecticut Center for Economic Analysis, said many homeowners are getting unsolicited offers for their houses. He said he recently received one such offer, but it was about $100,000 below market value. "e Raveis approach seems smarter," Carstensen said of Raveis Purchase, "because it reduces time pressure and assures owners that the property will sell for full market value — there isn't the intermediate buyer who looks to make money by flipping your property." Raveis Purchase keeps the seller in the driver's seat throughout the process, Ryan Raveis said. e up-to-80 percent of equity Raveis provides allows the homeowner to pay off their mortgage and use the leover cash as a downpayment on a new home. In the meantime, Raveis spruces up their old home with staging and renovations — anything from new Sheetrock to roofing work to landscaping — subject to the seller's approval. e firm then sells the house at market value, meaning the seller is not forced to sacrifice top dollar by selling quickly, he said. "We're really good at making that house shine in the marketplace," Ryan Raveis said. Once the sale goes through, the homeowner gets the difference between the 80 percent equity he or she already received and the full sale price. Raveis subtracts its standard 5 to 6 percent commission plus a 3 to 5 percent service fee. e seller must also reimburse Raveis for costs such as maintenance, insurance and renovations, although they have approval over any work. e program is another addition to the comprehensive real estate services, which include mortgages and insurance, that Raveis offers, Ryan Raveis said. "ere's no company that can offer the end-to-end solution that we do," he said. n Snapshot of CT's hot housing market 2020 2021 % Change Source: Warren Group Number of February sales 1,763 2,200 24.8% YTD sales 3,787 4,726 24.8% Median February sale price $245,000 $300,000 22.4% YTD Median sale price $250,000 $300,000 20% William Raveis co-President Ryan Raveis (shown left) has helped introduce a unique program that helps current homeowners sell their house quickly so they can bid on a new house amid Connecticut's hot housing market. High demand and a lack of inventory are contributing to a significant spike in Connecticut housing prices.

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